Thursday, May 11, 2006

Mervyn King: spectre of housing collapse could plunge families into negative equity

Daily Mail: Bank chief's debt warning

The Bank of England governor Mervyn King highlighted a sharp rise in the number of calls for help to the National Debt Line.

The governor also warned that in in his judgment that current prices 'seem remarkably high' and statement that raises the spectre of families falling into negative equity.

Posted by denzil @ 01:32 PM (585 views)
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